Category Archives: Mortgage

Lenders Loosen Up…With Luxury Buyers

Posted on November 26, 2012 by FNC

Demand for new mortgages is finally revving up—among big spenders, anyway.

Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7% for nonjumbo sales, according to an analysis for The Wall Street Journal by mortgage-technology company FNC.

It’s the latest sign that jumbo loans, defined as $417,000 and up in most places ($625,500 and up in high-cost areas), are boosting sales of… Continue reading

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Home Prices Hit 20-month High; August FNC Index Up 0.3%

Posted on October 18, 2012 by Yanling Mayer

FNC’s latest Residential Price Index™ (RPI) indicates that U.S. property values continue to rise. Home prices reached a 20-month high following a robust spring/summer homebuying season. In August, home prices rose for the sixth consecutive month, consistent with signs of strengthening market conditions that are led by rising existing-home sales and declining foreclosure activities. Foreclosure sales, down from 23% a year ago to 17.4% in August, continue to play out… Continue reading

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Vlog Time: FNC’s Value Proposition

Posted on May 8, 2012 by FNC

What do FNC’s Collateral Management System® and our ports do for lenders? FNC cofounders Bill Rayburn and Bob Dorsey discuss.

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Confounded Interest Blog: A Look at Three Housing Price Indices

Posted on January 25, 2012 by Nora Brown

The Mercatus Center’s Anthony B. Sanders examines the latest data from three home price indices on his Confounded Interest blog this morning:

    The National Association of Realtors’ Pending Home Sales Index (PHSI) measures signed real estate contracts for existing single-family homes, condos, and co-ops.

    The FHFA’s House Price Index (HPI) is a weighted repeat-sales index that measures average price changes in repeat sales or refinancings on
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FNC’s Residential Price Index: November Home Prices Decline 0.4%

Posted on January 20, 2012 by FNC

FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that U.S. home prices continued to decline despite recent signs of job recovery, rising home sales, and new residential construction. The continued price retreat is no surprise as the housing market remains constrained by high volumes of delinquent mortgages and foreclosures. November marks the fourth consecutive month-to-month declines in residential property value. Modest downward pressure on home prices remains as banks… Continue reading

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FNC’s RPI: Home Prices Down 0.6% in October

Posted on December 21, 2011 by Yanling Mayer

Yanling Mayer

Almost without exception, individual markets tracked by the FNC 30-MSA composite index declined in October.

FNC’s latest Residential Price Index™ (RPI), released Wednesday, indicates that October U.S. home prices continued to weaken at a modest pace despite recent positive home-sales data. The trend is a reminder that the housing market remains constrained… Continue reading

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Is the Media Misinformed?

Posted on December 20, 2011 by Bill Dabney

Wishful thinking! That’s what one real estate analyst says in response to media reports that claim the real estate market will soon make a turn for the better.

Keith Jurow, author of “The Housing Market Report” at Minyanville.com, recently went on the record with the Wall Street Journal: “I’m just trying to warn readers, so they know what’s going on.”

Jurow said his research indicates that in… Continue reading

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FNC Morning View with Bill and Bob: Indices and Trends

Posted on December 12, 2011 by Joe Meek

As we try to accurately assess housing prices and market trends, one tool that has proved valuable is the price index. In the recent past, an over-supply of homes for sale has caused prices overall to decline. While there were some increases during the summer, the indices are down about 0.6% for September and October, and down 4.7% overall from a year ago.

One problem with indexing is the… Continue reading

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Weekly Wrapup: Thanksgiving Redux

Posted on December 2, 2011 by Joe Meek

Much of the business news reported this week points toward more reasons for general thanksgiving. Earlier in the week Bill and Bob on FNC’s Morning View discussed the negative effect Europe’s financial crisis was having on U.S. banks and lending. One solution they posited was for the central banks to step up and offer more support, and by Wednesday, AP was reporting that just such a move had been… Continue reading

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Cyber Monday: Has the “Confidence Fairy” Arrived?

Posted on November 29, 2011 by Joe Meek

Early reports indicate that consumer spending over the Thanksgiving holiday beat many estimates with some reports indicating a 15% year-over-year increase.

In this Monday’s Morning View with Bill and Bob, the discussion centered on what effects, if any, this higher retail spending might have on other areas of our economy, like the housing market.

The guys roundly agreed that spending was much more fun than saving, and expressed… Continue reading

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